The predominant board structure in Indonesia is best categorized as two-tier. The first tier is the board of directors (BOD), which acts as an executive to the company and is responsible for its day-to-day operation (article 92(1) of Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). The second tier is the … Corporate Governance in Indonesia – Responsibilities of the Board
Indonesia’s closely watched omnibus bill on job creation was ratified by Indonesian President Joko Widodo as the Job Creation Law on November 2, 2020 and came into force on that date. The stated aim of the Job Creation Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to … Omnibus Job Creation Law – Changes to Indonesian Employment Laws
SSEK partners Fitriana Mahiddin, Syahdan Z. Aziz and Fransiscus Rodyanto were featured speakers at a recent webinar organized by the Indonesia Canada Chamber of Commerce. The webinar discussed changes in the Indonesian oil and gas, mining and power sectors under the new Omnibus Law and how those changes might affect companies in the country.
There are statutory restrictions in Indonesia on the quorum of general meetings of shareholders (GMS). A GMS can be held and is entitled to adopt resolutions if shareholders representing more than half of the company’s shares with voting rights attend or are represented at the meeting, unless the articles of association (AOA) require a higher … Establishing a Business in Indonesia – Shareholder Meetings
Registration of a domain name in Indonesia is administered on a first-come, first-served basis. The process, which is straightforward, is initiated by the domain name user submitting an application along with the required supporting documents to the domain name registrar. The domain name registration process shall not take more than five business days after a … E-commerce in Indonesia – Domain Names
The Indonesian Government enacted Law No. 11 of 2020 regarding Jobs Creation (the “Omnibus Law“) on November 2, 2020. The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law amends various … Indonesia’s Omnibus Law Puts Focus on Direct Use of Geothermal Resources
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Dewi Savitri Reni, a partner at SSEK Legal Consultants, and SSEK associates Bima Danubrata Adhijoso and Charlie Malessy were featured speakers at a recent online law festival for startups and small and medium enterprises in Indonesia. The three-day event was organized by Hukumonline, a leading online provider of legal products and services in Indonesia. The … SSEK Featured at Online Law Festival for Startups and SMEs in Indonesia
Law 4/2009 on Coal and Mineral Mining (Law 4/2009) obliges mining permit (IUP) and special mining permit (IUPK) holders to pay dead rent and royalties, which are categorized as non-tax state revenue (PNBP). The draft Amendment to Law 4/2009 (the Mining Law Amendment) additionally provides that PNBP includes other types of PNBP in accordance with … Mining in Indonesia – Duties, Royalties and Taxes
SSEK, in collaboration with the American Chamber of Commerce in Indonesia (AmCham Indonesia), invites you to a webinar on “Indonesia’s Omnibus Law: Simplifying Business Licensing and Investment Requirements.” The webinar is scheduled for Tuesday, December 1. The Omnibus Law is intended to bolster investment and create jobs by improving the ease of doing business in … Webinar – Indonesia’s Omnibus Law: Simplifying Business Licensing and Investment Requirements
